Maldives announce new series and new denomination

Banknotenews mentions two articles dealing with new notes in the Maldives. The first article on Sun.mv states that the Maldives Monetary Authority will replace the 5-rufiyaa note with a coin in 2016, and will introduce a new denomination of 1,000-rufiyaa in October of this year.

The second article (also from Sun.mv) mentions the winner of the competition for designing the new series of banknotes. The winner is Abdulla Nashath. Javaahirumaage, Baa Kendhoo. The new series of notes, which is called Randhihafaheh, will be printed on polymer instead of paper. The 10-, 50-, and 1,000-rufiyaa notes will be issued in October 2015. The 100- and 500-rufiyaa will be issued sometime in 2016.